BHP Billiton net profit falls 37%

Company News

by Rachael Jones

Mining juggernaut BHP Billiton (ASX:BHP) saw its full year net profit drop 37 per cent to US$3.71 billion from US$5.9 billion on the same corresponding period last year.

Revenue is up 21 per cent to US$43.64 billion for the year ending June 30 2018.

Underlying EBITDA US$23.2 billion up 20 per cent on last year from US$19 billion.

They will pay a US63 cents final dividend.

Shares in BHP Billiton (ASX:BHP) closed 1.31 per cent higher to $33.17 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.